Question
Jan. 1 Purchased 1,000 shares of Escalante Corporation common stock (7%) for $60,800 cash. July 1 Received a cash dividend of $5 per share. Dec.
Jan. 1 Purchased 1,000 shares of Escalante Corporation common stock (7%) for $60,800 cash. July 1 Received a cash dividend of $5 per share. Dec. 1 Sold 200 shares of Escalante Corporation common stock for $12,800 cash. Dec. 31 Received a cash dividend of $5 per share.
Journalize the transactions.
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Financial Accounting Reporting And Analysis
Authors: Michael Diamond, James Stice, Earl K. Stice, James D. Stice
5th Edition
0538873019, 978-0538873017
